gogo logo
  • Монгол
  • Yolo
  • Maamuu
  • Politics
  • Economy
  • Society
  • Life
  • Interview
  • Culture
  • TRAVEL
  • Ulaanbaatar
  • Media OutReach
Helpful
Interview
  • - Interview
Interesting
Other
Монгол
Maamuu
Yolo
Main menu
Politics
Economy
Society
Life
Interview
Culture
TRAVEL
Ulaanbaatar
Media OutReach
Helpful
Interview
Interview
Interesting
Other menu
Монгол
Maamuu
Yolo
Contact us
Editorial ethics
Home
Search
Menu
  Facebook   Twitter
  Menu
Home
/ Санхүү
Finance

Bank of Mongolia expects inflation to remain at 8 percent

  Facebook   Tweet
  Facebook  Tweet

Bank of Mongolia expects inflation to remain at 8 percent Consumer basket of Mongolia, there are 329 products in the basket

The Bank of Mongolia has stated in its inflation forecast report that the inflation rate will stabilize this year at eight percent.

It was highlighted that food prices will rise at lower rate in 2018. The impact of several tax increases, changes in consumer staple trends, and higher fuel prices has diminished since the first quarter of 2018. While the expansion of non-mining industries, which has contributed to economic growth in recent years, is projected to slow down, the mining industry is estimated to intensify in coming years.

The Bank of Mongolia has stated in its inflation forecast report that the inflation rate will stabilize this year at eight percent.

It was highlighted that food prices will rise at lower rate in 2018. The impact of several tax increases, changes in consumer staple trends, and higher fuel prices has diminished since the first quarter of 2018. While the expansion of non-mining industries, which has contributed to economic growth in recent years, is projected to slow down, the mining industry is estimated to intensify in coming years.

  Facebook   Tweet
Category
Finance
Published
2018-04-09


gogo logo
Contact us Editorial ethics

© 2007 - 2025 Mongol Content LLC